Crypto Options Exchange Synquote Closes $2.8 Million Funding Round with Coinbase Ventures Involved

Crypto options exchange Synquote closed a $2.8 million seed funding round led by Initialized Capital, with participation from Coinbase Ventures, CMT Digital, Polygon, and others. The funds raised will be used to hire more staff with a focus on nabbing former options traders. It is reported that Synquote unlocks the liquidity by letting traders source options quotes directly from market makers. The platform will seek to bring European-style options trading to newcomer audiences. Users can make calls or puts across five tokens: $ETH, $BTC, $AVAX, $LINK, and $MATIC.